XRP regained the $3 mark, a level not seen since the 2017 bull run, yet its price has since dropped to around $2.40, down 30% from its recent peak. This consolidation period has sparked debates in the crypto community about whether XRP’s price drop indicates the end of a bullish rally or if it presents a new buying opportunity. Analysts predict that XRP might face further declines, with potential targets around $1.60 to $1.30, if it fails to hold above $2.50. Recent trading data from South Korea shows strong accumulation of XRP by local traders amidst the market correction, with trends toward buying XRP and Bitcoin while offloading Ether. Adding to this, significant holders of XRP, known as whales, have increased their holdings during the dip. Some analysts maintain an optimistic outlook, suggesting XRP could reach between $5 to $18 in the long term. However, investors are urged to conduct their research due to the inherent risks in trading.

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